Miran Optimistic About U.S. Economy, but Sees Risks If Rates Not Cut
1. Fed's Miran optimistic about economy, warns of restrictive policy risks. 2. Neutral rate of monetary policy has decreased, impacting current policy restrictiveness. 3. Miran dissented on rate cuts, advocating a larger reduction amid inflation concerns. 4. Recent disinflation from housing services may alleviate some inflationary pressures. 5. Miran believes maximum employment and price stability are currently less in tension.